ISRAEL - Porsche Invests Millions in Israeli Technology

Arno Froese

Porsche is establishing an “innovation office” in Israel, and investing eight figures in the effort, the German sports car manufacturer said in a statement.

“Porsche is a company that draws on innovation,” the statement read. “And now it is establishing an ‘innovation office’ in Israel.”

Lutz Meschke, Deputy Chairmain of Porsche’s Executive Board and Member of its Executive Board for Finance and IT, said “Israel is a key market for IT experts and engineers. It has more start-ups per capita than any other country in the world. This talent and technological know-how coupled with the great expertise offered by our employees creates the ideal breeding ground for future business models.”

“By setting up the office in Tel Aviv,” the statement reads, “[Porsche] intends to guarantee access to technology trends and talent.”

Such investments by an automotive manufacturer in venture firms dedicated to AI are unsurprising, considering Intel’s recent $15 billion purchase of Mobileye, a Jerusalem-based autonomous driving company. It seems that the world is looking to Israel to bring it into the future of transportation.

“Autonomous cars are not a dream anymore,” Mobileye CEO Ziv Aviram told The Jerusalem Post in an interview last year. “It’s not a matter of if. It’s a matter of when.”, 4 June 2017

Arno's commentary

The counterbalance to popular antisemitism is intellectualism, and that is needed all over planet earth. The process that we are now observing will lead to super success for Israel, which will be interrupted by the most horrendous time in all of history. Jesus made this statement: “For then shall be great tribulation, such as was not since the beginning of the world to this time, no, nor ever shall be” (Matthew 24:21).

However, we read these words for Israel: “For Zion’s sake will I not hold my peace, and for Jerusalem’s sake I will not rest, until the righteousness thereof go forth as brightness, and the salvation thereof as a lamp that burneth” (Isaiah 62:1).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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